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Friday, December 17, 2010

Market Thought... protect

The first time I was able to observe my charts was a few minutes ago. I noticed a sizable decline in the VIX. So much so, that my trigger to protect has approached.

Today's move is a bit odd. There should be a stronger market push upward with such a Vix decline. This makes me think the decline could be to do re-pricing of the Vix index.

Regardless, I took on some protection via the SP500 127 Feb Puts. I did not sell any positions.

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